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UK property market update – A pause before the election?

The average price of UK properties newly listed for sale has hit a record high of £375,131 in May, a 0.8% increase (+£2,807), according to Rightmove, a property portal. This rise reflects the typical spring selling season’s momentum, but the UK’s broader economic fragility makes the market highly price sensitive.

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Maintaining your UK Mortgage as an Expat – 2024

What to do when your fixed rate expires If you’ve embarked on the exciting journey of living and working abroad, it’s essential to stay on top of your financial commitments back home, especially your UK mortgage. One common challenge faced by expats is the expiry of fixed or discounted mortgage

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Falling UK expat mortgage rates and record numbers of sellers boost housing market

Expats are currently presented with attractive borrowing opportunities in the UK, in the first quarter of 2024 Expat mortgage rates have experienced a notable decline over the last three months, sparking renewed optimism among prospective buyers, according to online expat mortgage brokers Offshoreonline. With expectations of a UK base rate

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Rightmove reports record number of sellers come to market on Boxing Day

Even before the new year began, some home-sellers started to get their 2024 moving, Rightmove, the property portal is reporting. Just one day after Christmas, on Boxing Day, Rightmove saw a record number of homes listed for sale. More than 10,000 new properties came to market, which is the biggest

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Average UK rent rises outstripped inflation by more than a third during past year, according to The DPS Rental Index

Latest data from The Deposit Protection Service (The DPS) have revealed that average UK rents increased by more than a third (36.2%) than the rate of inflation during the past year. Commenting on the news, Guy Stephenson a director of online expat mortgage brokers Offshoreonline said, “ For the expat investor

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Zoopla reports number of UK homes for sale at a six-year high, best buyers’ market for years

Zoopla, the online property portal, has reported UK houses are selling for as much as £25,000 under asking amid the “best” buyers’ market for years as November draws to a close. The number of homes being put up for sale is at a six-year high, while sellers are accepting an

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Better expat mortgage rates lift property enquiries but poses fixed or variable rate expat mortgage question

Offshoreonline, a leading online mortgage advisor for expatriates, has observed a significant upswing in expat mortgage enquiries, attributing this to the Bank of England’s decision to hold the UK Base Rate steady in November. At the same time, a straw poll of estate agents conducted by the expat online mortgage

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Where next for UK expat mortgage rates?

The Bank of England has announced that the UK Base rate will remain unchanged at 5.25% for the second time in November. This decision aligns with the recent policies of the Federal Reserve and the European Central Bank, both of which have also maintained their rates this month. With such

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Falling UK house prices and steeply rising rental yields spurs expat buy to let enquiries, reports broker

The August report on UK property market activity published by the Royal Institute of Chartered Surveyors (RICS) is suggesting continuing weaker UK house sales data, as  high mortgage rates deter buyers, whilst at the same time, rental prices surge, as tenants enter bidding wars for the few properties available to

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Great time for US dollar earners and US residents to invest in European real estate

The current market conditions present a golden opportunity for US dollar earners and US residents to consider purchasing properties in Europe, thinks online mortgage broker Offshoreonline. With the US dollar now 10% stronger against the Euro compared to two years ago, prospective buyers can enjoy an effective 10% reduction in

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